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China has limited production capacity to supply raw materials for steel production, and more than 80 percent of iron, manganese and nickel ores are imports, while almost all chrome ores are imported, with import sources highly concentrated in a few countries, according to Li, who is also deputy head of the China Iron and Steel Association.
China has increased efforts to contain financial risks in recent years. The country handled NPLs worth about 1.4 trillion yuan (7.9 billion) in the first three quarters of this year.
China has been the top?export market?for Alaskan goods?since 2011. In 2017 the state?exported?.32 billion worth of goods, including 6.2 million in seafood and .6 million in fishmeal, which has meant work for thousands of local fishermen.
China had more than 230 million people aged 60 or above at the end of 2016, 16.7 percent of the total population, according to the Ministry of Civil Affairs. The country's elderly will account for about one-quarter of the population by 2030.
China expanded the re-lending quota by 300 billion yuan in February to increase production of medical supplies since the COVID-19 outbreak. An additional 500 billion yuan of funds under the re-lending and rediscount schemes were used for smaller business loans and production resumption. These two measures ended as of June 30, because "the mission finished", said Guo Kai, deputy head of the PBOC Monetary Policy Department.